Some recovery in steel demand in the European Union is expected no earlier than 2024, subject to the end of the war in Ukraine and the alignment of...
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EU Green Deal should encourage investment in mild steel projects: Eurofer
The Association of European Steel Producers estimated total operating costs at 53 billion euros, adding that mild steel needed a level playing field...
European stainless steel producers ready to raise prices
EU steel mills are aiming for higher prices despite a slow start to 2023. Demand for stainless steel in Europe in the first few weeks of the new year...
European steel price rise that began in January will be short-lived - MEPS
By mid-January, several large European steel producers announced significant price increases to the market, citing cost increases. Distributors are...
UK is ready to give 300 million pounds to save British Steel
Save our Steel: The UK government hopes this will convince the Chinese Jingye Corporation to stay in the UK business and continue to invest in the...
Europe's passenger car market records its worst year since the turn of the century
In 2022, 9.3 million new passenger cars were registered in the EU, the lowest level in the region since 1993....
Sweden announced the discovery of Europe's largest deposit of rare earth metals
Rare earths are not currently mined in Europe, leaving the region dependent on imports from other countries. At the same time, demand is expected to...
Norwegian startup to build €4bn green steel plant
A manufacturing facility in Finland will have a clean hydrogen production plant powered primarily by wind power. The steel producer will directly or...
Tata Steel: Great Britain will need more than 10 million tons of steel to gain energy independence
The UK will need more than 10 million tons of steel in the coming years to become self-sufficient in terms of electricity generation, according to a...
Intel postpones construction of plant in Germany due to sharply increased geopolitical risks
The American corporation had to revise its planned investments in Germany for a number of reasons, including rising energy prices....
IEA predicts EU natural gas shortage of 30 billion cubic meters
According to the IEA, in order to stimulate energy efficiency, it is recommended to expand existing programs and strengthen measures to support the...
Rolls-Royce workers receive record 17.6% pay raise
Unity said the agreement was the largest lump sum deal in the history of the Goodwood plant. “This is a first-class wage deal for Rolls-Royce...
Metinvest says loopholes in European sanctions allow Russia to continue steel supplies
According to the CEO of a Dutch mining and metallurgical holding, a loophole that gives many Russian producers a two-year delay in importing Russian...
Demand for new passenger cars continues to grow rapidly in the EU
However, the European automotive market is still seriously behind the pre-pandemic levels of November 2019....
ArcelorMittal steel plant in Poland refuses to restart blast furnace due to lack of orders
ArcelorMittal Poland shut down Blast Furnace No. 3 in early September amid a slowdown in economic activity in Europe, lower demand, higher levels of...
Europe introduces border tax on carbon emissions
After late-night negotiations, the European Union approved a political deal early on Tuesday to impose a carbon tariff on imports of polluting goods...
UK approves construction of new coal mine for the first time in 30 years
For the first time in decades, London has given official permission to put into commercial operation a new coal mine that will supply coking coal to...
Sanjeev Gupta may lose control of his steel plants in Belgium
The two Belgian steel mills, which together employ about 650 people, are operated by GFG's steel division, Liberty Steel Group. GFG acquired the...
The European Council added the violation of restrictive measures (sanctions) to the list of EU crimes
The European Council today unanimously decided to add the violation of restrictive measures to the list of "EU crimes" included in the...
Australia and the UK aim to catch up and overtake China in the battery metal sector
Critical minerals businesses in Australia and the UK plan to create an integrated battery supply chain to prevent Chinese companies from monopolying...
EU new car market continues to recover in double digits
The market for new passenger cars in the EU grew in October by 12.2% compared to September; in annual comparison for 10 months of this year, the drop...
Volvo starts deliveries of electric trucks made of fossil-free steel
Volvo Trucks' adoption of fossil-fuel-free steel fits well with the fact that about 30% of the materials used are derived from recycled materials....
The European Union has sharply increased purchases of Russian titanium
According to the statistical service of the European Union, in September, exports of Russian titanium to the EU increased by 39% to 578.7 tons....
UK extends ban on Russian gold imports
The supply of gold processed in third countries and containing gold from Russia is now prohibited, as well as the import of gold jewelry, expanding...
EU extends anti-dumping duties on cold rolled steel from China and Russia
Anti-dumping duties in the range from 19.7% to 22.1% have been preserved for imported metal products of Chinese metallurgists, for Russian ones -...
Metallurgists in Kosice win wage increase after 6 months of struggle
At the US Steel mills in Kosice, the monthly wage rate for each worker will be increased by 80 euros per month....
Azerbaijan Metallurgical Company signed a number of memorandums with Polish colleagues
Baku Steel Company signed memorandums of cooperation with companies from Poland, represented by metallurgical companies and wholesalers of rolled...
European metallurgists failed to raise prices by reducing steel production
In early September, European steelmakers were pushing for massive price increases to protect profits from a sharp rise in energy prices. These...
Metallurgical company Salzgitter and Sunfire complete green hydrogen project
To date, almost 100 tons of hydrogen gas have been used in annealing processes and galvanizing plants for steel finishing....
